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Catalyst Alert: India Globalization Capital, Inc. (NYSE MKT: IGC)
On December 5th, 2013, IGC announced that it has commenced wet processing operations to produce high-grade iron ore at the first of its three plants in Inner Mongolia.

IGC has been building a supply of lower grade 8% ore in preparation of wet processing operations that refines the ore to a final grade between 64% and 66% Fe. Upon completion of the wet processing, the high-grade ore is sold to steel factories in China.
Demand for iron ore continues to be strong with local prices in the $110-$115 per ton range for high-grade ore.
On September 6th 2013, Zacks Small Cap Research initiated on India Globalization Capital, Inc. the Zacks report can be found here.
India Globalization Capital, Inc. (NYSE MKT: IGC) is based in Bethesda, Maryland and operates in the materials and infrastructure industry and supplies iron ore to India and China.


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